FY2028 Earnings Estimate for NRG Energy, Inc. Issued By Seaport Res Ptn (NYSE:NRG)

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn increased their FY2028 earnings per share estimates for NRG Energy in a research note issued to investors on Friday, April 26th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $12.27 for the year, up from their prior forecast of $11.81. The consensus estimate for NRG Energy’s current full-year earnings is $5.36 per share.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised their price objective on NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Morgan Stanley raised their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. Citigroup raised their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Wells Fargo & Company raised their price target on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.50.

NRG Energy Price Performance

Shares of NRG stock opened at $72.81 on Monday. NRG Energy has a 1-year low of $30.52 and a 1-year high of $76.54. The stock’s 50-day moving average is $65.17 and its 200 day moving average is $54.37. The company has a market cap of $15.63 billion, a P/E ratio of -68.05 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.24%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently -152.34%.

Insider Activity at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now directly owns 356,962 shares in the company, valued at $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by company insiders.

Institutional Trading of NRG Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. LifeSteps Financial Inc. purchased a new stake in shares of NRG Energy in the first quarter valued at approximately $31,000. Mather Group LLC. purchased a new stake in shares of NRG Energy in the first quarter valued at approximately $33,000. CENTRAL TRUST Co boosted its stake in shares of NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of NRG Energy in the fourth quarter worth approximately $51,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.